Daily Range Histogram - Sierra Chart Programming | futures io social day trading
futures io futures trading


Daily Range Histogram
Updated: Views / Replies:1,527 / 8
Created: by jphillips9 Attachments:2

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Daily Range Histogram

  #1 (permalink)
Midnight Sun Trader
Anchorage Alaska
 
Futures Experience: Intermediate
Platform: IRT, Sierra & TOS
Broker/Data: Infinity/DTN-IQ, TOS
Favorite Futures: ES, 6E, Options
 
jphillips9's Avatar
 
Posts: 21 since Apr 2011
Thanks: 7 given, 10 received

Daily Range Histogram

Does anyone know of an indicator or know how to code one for the daily range. I'm looking for one that computes the daily range of whatever futures contract I'm looking at and displays it like volume in histogram form at the bottom of the chart.

Thanks,
Jeremiah

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
las vegas
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Velocity/IB
Favorite Futures: 6E
 
Posts: 1,147 since Feb 2010
Thanks: 304 given, 836 received


I didn't see one, so did it up. That said, most people use the average true range. Let me know if that's not what you wanted.

Attached Files
Register to download File Type: dll DailyRange.dll (10.5 KB, 44 views)
Register to download File Type: cpp DailyRange.cpp (538 Bytes, 47 views)
Reply With Quote
The following 5 users say Thank You to vegasfoster for this post:
 
  #4 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received

If using this on a daily chart, you can use the built-in Study Subgraphs Difference study with no coding required. Set the inputs to the high and low, and set the subgraph to bar, and you're good to go.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


For things like this, I have only ever had to code maybe 2 or 3 studies, because SC has so many built-in tools to help studies talk to each other, that most anything you need is already there.

Reply With Quote
The following 3 users say Thank You to josh for this post:
 
  #5 (permalink)
Midnight Sun Trader
Anchorage Alaska
 
Futures Experience: Intermediate
Platform: IRT, Sierra & TOS
Broker/Data: Infinity/DTN-IQ, TOS
Favorite Futures: ES, 6E, Options
 
jphillips9's Avatar
 
Posts: 21 since Apr 2011
Thanks: 7 given, 10 received


vegasfoster View Post
I didn't see one, so did it up. That said, most people use the average true range. Let me know if that's not what you wanted.

That looks like it. Thanks a bunch!!!

Reply With Quote
 
  #6 (permalink)
Midnight Sun Trader
Anchorage Alaska
 
Futures Experience: Intermediate
Platform: IRT, Sierra & TOS
Broker/Data: Infinity/DTN-IQ, TOS
Favorite Futures: ES, 6E, Options
 
jphillips9's Avatar
 
Posts: 21 since Apr 2011
Thanks: 7 given, 10 received


josh View Post
If using this on a daily chart, you can use the built-in Study Subgraphs Difference study with no coding required. Set the inputs to the high and low, and set the subgraph to bar, and you're good to go.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


For things like this, I have only ever had to code maybe 2 or 3 studies, because SC has so many built-in tools to help studies talk to each other, that most anything you need is already there.

That would work but I use 405min for my daily bars. Thanks for the help anyway.

Reply With Quote
 
  #7 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


jphillips9 View Post
That would work but I use 405min for my daily bars. Thanks for the help anyway.

Why would that make a difference? That's what I use as well. It just subtracts the low of the high from the bar.

Reply With Quote
 
  #8 (permalink)
Midnight Sun Trader
Anchorage Alaska
 
Futures Experience: Intermediate
Platform: IRT, Sierra & TOS
Broker/Data: Infinity/DTN-IQ, TOS
Favorite Futures: ES, 6E, Options
 
jphillips9's Avatar
 
Posts: 21 since Apr 2011
Thanks: 7 given, 10 received


josh View Post
If using this on a daily chart


Being brand new to SC I understood this to mean that it would only work if I was using a daily or higher time frame chart. Sorry

Reply With Quote
 
  #9 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


jphillips9 View Post
Being brand new to SC I understood this to mean that it would only work if I was using a daily or higher time frame chart. Sorry

I see how many earlier language could be interpreted differently, sorry about that. What the study does is subtract the bar low from the high, yielding the range. So I meant that if you intended this to be for a day's range, then each bar would have to represent a day, so your 405 minute bar would be just fine.

This is in contrast to, if you were using 10 minute bars, for example, and wanted the running daily range at the bottom. In this case you could use the "Daily OHLC" set to the appropriate settings (to display historical high and low), and again use the Study Subgraph Difference to reference the Daily OHLC's high and low to get a running range for the current day regardless of the time frame of the chart.

Incidentally, in the chart settings, you can use a "1-0-0" setting to also see 405 minute bars, provided that your session time is 9:30:00 to 16:14:59. It is not different as far as I can see, but it is another option, and I like how it displays "1 day" on the region data line instead of "405 minutes."

Reply With Quote

Reply



futures io > > > > > Daily Range Histogram

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
RTH Session Range Error for Daily Pivots aligator NinjaTrader 15 March 22nd, 2017 05:22 PM
Average Daily Range (ADR) cory The Elite Circle 119 March 5th, 2016 04:05 PM
6B pound futures daily trading range acdrew0 Currency Futures 3 November 9th, 2012 10:37 AM
How do I determine what size range bar is comparable to a daily bar? Trankuility Traders Hideout 14 January 15th, 2012 11:46 AM
Does anyone use the JTstats histogram? Dragon Traders Hideout 17 February 3rd, 2010 06:31 AM


All times are GMT -4. The time now is 09:11 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.13 seconds with 20 queries on phoenix via your IP 54.82.56.95